The Securities and Exchange Commission (SEC) of the Philippines has approved the initial public offerings (IPOs) of cement maker Cemex Holdings Philippines Inc (CHP) local unit and Golden Haven Memorial Parks Inc, worth altogether $864.1 million (P40.53 billion).
CHP, a local unit of Mexico-based cement and construction materials firm Cemex, aims to raise P39.74 billion in its IPO while Golden Haven, a company owned by business magnate and former senator Manny Villar, targets around P787.12 million, according to their regulatory filing.
